Finance and Accounting for Nonfinancial Managers: All the Basics You Need to Know (Finance & Accounting for Nonfinancial Managers)

Mastering the fundamentals of financial management is a must for those with a stake in their company's and their own professional future. Packed with step-by-step examples and illustrative case studies, and fully updated to reflect the latest changes in tax laws and accounting requirements, Finance and Accounting for Nonfinancial Managers is one-stop shopping for managers, entrepreneurs, seasoned executives, teachers, and students alike. Featuring a new chapter on accountability and ethics, and complete with Excel templates, study questions, and a teaching guide on the Web (www.droms-strauss.com), Finance and Accounting for Nonfinancial Managers covers all major aspects of financial management including: Reading a balance sheet Mastering the accounting cycle Making long-term investment decisions Conducting breakeven analysis for profit planning Calculating cost of capital Evaluating closely held companies